From Meme To Rap: Watch This Performance That Chart’s Dogecoin’s Story

It was billionaire Elon Musk, who until now regularly talked about Dogecoin, a cryptocurrency that began as a meme joke, but now is worth $93.38 billion (roughly Rs. 6,84,610 crores). And now a “Dogecoin Rap”, written and performed by Remy, is out and making people go crazy. ‘Reason’, the monthly magazine and website of “free minds and free markets”, has carried the song. “There are various indicators showing that the US could be headed for a currency crisis. One of them has paws,” read the caption that accompanies the song.

It begins with visuals of Remy as a CNN newscaster, who says, “Bad news for savers as even those with high-interest savings accounts are seeing their money disappear thanks to inflation.” And that’s how a man’s journey towards investing in “dog money” begins. The lyrics are catchy and Remy’s performance has been lauded by people all over the Internet.

David Maguire, a user on YouTube, commented: “Remy we need you to sell a few NFT’s to fund a whole album. We need it.”

“This could be the best video Remy has done yet,” said another user, Kyle Priestley.

On Twitter, people were not only all praises for Remy but also seemed to agree with the artist.

“This is amazing,” wrote @KaepernickSPAC, a Twitter user.

Another user, @TheMattMacGyver, said he had no idea about what others planned to do, but he was “putting it all in dog money”.

Here are some more reactions:

Meanwhile, last Sunday, the cryptocurrency lost over one-third of its price, following Elon Musk’s remarks on Saturday Night Live (SNL), a comedy sketch TV show. The Tesla chief, in one of the show’s segments, said the virtual currency was a “hustle”.

Asked “what is dogecoin”, Musk replied, “It’s the future of currency. It’s an unstoppable financial vehicle that’s going to take over the world.”

Michael Che, a show cast member, countered, “So, it’s a hustle?”, Musk replied, “Yeah, it’s a hustle,” and laughed.

On Tuesday, at the time of writing, the digital currency was trading at $0.478543 (Rs. 35 approximately), down nearly 11.45 per cent in the last 24 hours. The cryptocurrency saw a record rally last month, and even in the days leading to Musk’s appearance on SNL, when it hit all-time highs.

Musk, a cryptocurrency enthusiast, whose company Tesla has invested $1.5 billion (roughly Rs. 11,000 crores) in Bitcoin, the world’s oldest and largest digital currency, on Sunday tweeted something that not many had anticipated.

“SpaceX launching satellite Doge-1 to the moon next year. Mission paid for in Doge. 1st crypto in space. 1st meme in space. To the mooooonnn!!” Musk tweeted, a day after his SNL appearance.

On crypto data tracker, Dogecoin has jumped more than 800 per cent over the last month and is now the fourth-largest digital currency, with a market capitalisation of $73 billion (roughly Rs. 5,36,220 crore). It hit a record high last Saturday (May 15), when the value of one Dogecoin was $0.715669 (approximately Rs. 53).

Created in 2013 by software engineers Billy Markus and Jackson Palmer, the digital currency, like Bitcoin, offers recourse to the inadequacies of traditional banking systems. It was never meant to succeed and was used and traded for a long time as a joke.

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Tesla Developing Platform to Allow Car Owners in China Data Access, to Launch Later This Year

US electric-vehicle maker Tesla said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles.

Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch the data platform this year, it said in a statement.

This is the first time an automaker has announced plans to allow customers access car data in China, the world’s biggest car market.

Automakers for the past several years have been equipping more vehicles with cameras and sensors to capture images of a car’s surroundings. Control of use, sending and storage of these images is a fast-emerging challenge for the industry and regulators worldwide.

China last month published draft rules to ensure the security of data generated by smart cars. Data collected from Tesla electric cars in China is stored in the country, a company executive said last month.

Tesla in April was targeted by state media and regulators after a customer, angry over the handling of her complaint about malfunctioning brakes, climbed on top of a Tesla car in protest at the Shanghai auto show. Videos of the incident went viral.

Tesla provided the data related to the brake incident to the customer complying with the local authorities’ order.

© Thomson Reuters 2021

We dive into all things Apple — iPad Pro, iMac, Apple TV 4K, and AirTag — this week on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.

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